Borzi’s Right Hand Man, Davis, Leaves EBSA and Joins Prudential
Michael Davis, Phyllis Borzi’s right hand man at the DOL’s Employee Benefits Security Administration, has left his post as Deputy Assistant Secretary of EBSA and joined Prudential Retirement.
IRI Research to Serve as ‘Backbone’ to One-Stop Licensing Clearinghouse
IRI announced Monday a new research initiative to identify regulatory burdens facing BDs that impede their ability—and their advisors’ willingness—to sell lifetime income products.
DOL’s Borzi: Industry Backlash on Fee Rules Is Unfounded
Phyllis Borzi, Assistant Secretary of Labor at the EBSA, laid out on Monday EBSA’s regulatory agenda for the rest of the year and clarified one area that’s caused a “backlash” from retirement planning officials.
DOL Releases Long-Awaited 401(k) Fee Disclosure Rule
Labor’s Employee Benefits Security Administration said Thursday it would extend the compliance deadline of rule 408(b)(2) to July 1.
Retirement Income Symposium: Reynolds on Policy; Birke on Communication
In Boston, Putnam’s Bob Reynolds makes the case for new retirement policy, while Commonwealth’s Kol Birke and David Juliano provide practical guidance on client communications.
Treasury Set to Issue Lifetime Income Guidance; DOL to Follow
The Treasury Department plans to release soon guidance for employers on how best to integrate lifetime income products into 401(k)s and other employer-sponsored retirement plans, while the Department of Labor plans to follow with similar guidance early next year.
What Does Retirement Really Cost?
Most answers to questions about the cost of retirement are dangerously misleading and mask a critical market signal.